What is the process for conveyancing in New South Wales, Australia?
The conveyancing process in New South Wales, Australia generally involves the following steps:
Pre-contract stage: This is the stage where you will make an offer on a property and negotiate the terms of the sale with the seller.
Contract stage: Once the terms of the sale have been agreed upon, a legally binding contract will be drawn up and signed by both parties. This is also known as Section 32.
Pre-completion stage: During this stage, the conveyancer will carry out various checks and searches to ensure that there are no issues with the property, such as outstanding mortgages or planning permission.
Completion stage: Once all checks have been carried out and any issues have been resolved, the final paperwork will be completed and the property will be transferred to the new owner. This is also known as settlement.
Post-completion stage: After the property has been transferred, the conveyancer will register the new ownership with the Land Registry and deal with any other post-completion formalities.
It's important to work with a qualified and experienced conveyancer throughout the process to ensure that everything runs smoothly and to identify any potential issues early on.
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